Natural Eco Capital, a Lagos-based sustainability firm, is celebrating and congratulating the Development Bank of Nigeria (DBN) on its successful accreditation to the Green Climate Fund (GCF). This milestone reflects DBN’s commitment to advancing climate action and sustainable finance.
Key Benefits of the Accreditation include:
- GCF Accreditation:
- DBN’s accreditation to the GCF signifies its eligibility to access climate finance resources for projects that mitigate greenhouse gas emissions, enhance resilience, and promote sustainable development.
- Natural Eco Capital played a crucial role in supporting DBN throughout the accreditation process, ensuring alignment with GCF standards and requirements.
- Climate Finance Impact:
- With GCF accreditation, DBN gains access to funding mechanisms that can catalyze climate-smart investments across Nigeria.
- DBN’s commitment to sustainable finance will contribute to climate resilience, renewable energy adoption, and ecosystem protection.
3. Collaboration and Vision:
Natural Eco Capital’s collaboration with DBN, over the years, exemplifies the power of sustainable partnerships, driving positive change, fostering resilience, and shaping a more sustainable future.”
The collaboration has resulted in significant achievements such as in the following:
- ESMS Development: The Environmental and Social Management System (ESMS) framework developed by Natural Eco Capital with comprehensive training for DBN staff and management enhances DBN’s ability to manage risks, monitor impacts, and foster positive outcomes for the environment and local communities.
- Net Zero Strategy: Natural Eco Capital is excited to embark on the development of a net zero strategy for DBN. This forward-thinking initiative aims to align DBN’s operations with global climate goals, reduce carbon emissions, and enhance environmental performance. By adopting a net zero approach, DBN will contribute to a greener economy while ensuring long-term financial stability.
Natural Eco Capital is a member of the Capitals Coalition and works closely with government agencies, financial institutions, and investors to address emerging sustainability challenges.
By Dr. Eugene Itua, CEO of Natural Eco Capital, eugeneitua@ecopital.com
